- In 2018,WeWork cofounder Adam Neumann bought a $21 million home in California with a guitar-shaped room,according to The Wall Street Journal.
- He has spentover $80 million on five homes since he founded WeWork in 2010.
- The Journal reported that he cashed out over$700 million from his company ahead of its initial public offering in July 2019.
- Visit Business Insider’s homepage for more stories.
WeWork cofounder Adam Neumann owns some interesting residential real estate.
In 2018, Neumann bought a 13,000-square-foot home in the San Francisco Bay Area with a guitar-shaped room for $21 million, according toThe Wall Street Journal. The home was added to Neumann’s long list of residential real-estate purchases, which over the past nine years have totaled over$80 million.
Read more: Before he was a billionaire, WeWork CEO Adam Neumann was broke. Here’s the NYC building where he and his wife lived in a tiny apartment before he built a $47 billion company
According to public reports, Neumann — who,Forbes reports, has a net worth of $4.1 billion — also bought a townhouse in Greenwich Village for$10.5 million in 2014 and property in Gramercy Park for$35 million in 2017. He reportedly also owns a home inWestchester County andthe Hamptons, but the purchase prices are not known.
Neumann’s real-estate ventures span beyond just residential. He’s invested in commercial properties, startups, and has reportedly given away over $100 million, according toThe Wall Street Journal.
WeWork was valued at$47 billion in January of 2019. In July, Neumann made media headlines for reportedly cashing out over$700 million from the company ahead of its initial public offering.
Business Insider previously reported that before he became a billionaire, Neumann was broke. He and his wife, Rebekah, lived in a tiny apartment in NYC’s East Village.
The company didn’t immediately respond to a request for comment from Business Insider.
Read the full article at The Wall Street Journal »
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